You own a house that you rent for $1 200 a month. The maintenance expenses on the house average $200 a month. The house cost $89 000 when you purchased it several years ago. A recent appraisal on the house valued it at $210 000. The annual property taxes are $5 000. If you sell the house you will incur $20 000 in expenses.You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?
You own a house that you rent for $1 200 a month.
by admin | Sep 6, 2025 | Statistics
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